One Noun, every day, forever.

nouns.wtf

Nouns

It’s easy to paint nouns as a failure because it was launched during the height of the NFT bull with a valuation that maybe wasn’t sustainable, but @elie’s assertion that nouns is a failed experiment is only true if the experiment was “make your holders very rich.” 

It’s possible to be a member of a DAO and an onchain community for reasons other than that, and Nouns is proof.

⌐◨-◨ 

To wit: Name another NFT project or DAO that has…

Building getinboxzero.com and sharemint.xyz.

I also run a YouTube channel, "Learn from Open Source": youtube.com/elie2222 

Nouns was a cool experiment. Nothing against the idea. It had potential. But didn't pan out in actuality. Maybe it would have for a different set of holders.

This was clear 2 years ago as well.
Nouns treasury still holds $20m. So maybe given another few years you'll figure something out.

Elie’s earlier cast for context (you can’t add two images to a quote cast)

Noun 730 | Based & Optimistic Ξthereum Ξnjoyoor | founder @thenounsquare, Zero Rights Reserved Podcast (ZeroPod.xyz) & the /yellow collective on BASE | ⌐◨-◨ ᖽ

Elie’s earlier cast for context (you can’t add two images to a quote cast) 

https://warpcast.com/elie/0x36d31a41

Nouns does have a pretty compelling culture, and network value is a small part of that (as it is with all human societies.)

The problem with saying that nouns has done “little of long term value” is that it is impossible to prove or disprove that statement at this juncture. Maybe you’re right and nouns will be relegated to the dustbin of history. Maybe I’m right and in 10 years’ time it will be one of the only projects from 2021 that’s still relevant. Time will tell I suppose. 

In any case, the point of my cast wasn’t really to argue with you, I appreciate you sharing your perspective.  I just wanted to give a different one from someone who has been pretty involved in the community since early days. 💛

“Network value” 🤦🏻‍♂️
I thought it was about the culture. Or is networking with high net worth individuals with lots of LinkedIn friends what you mean by culture?

It’s currently a failure because it’s created little of long term value. And this same sentiment about nouns existed 2 years ago. Had the community had a different attitude to creating long term value it may have been able to fund more value creating projects.

To me nouns feels like a non profit. And there’s a reason for profits have larger impact on the world. You can seek profit and have impact.

Nouns can fail only if nothing will be done with the treasury. As long as the proposals keep going the project is working well!

Interesting perspective! What do you think were the original goals or intentions behind the launch of nouns? And looking forward, how do you see its role evolving in the NFT space, beyond the initial hype?

Nouns may not have achieved the same level of financial success as some other projects, but that doesn't necessarily mean it's a failure. The value of being a member of a DAO or an onchain community can go beyond just financial gain, and Nouns is a testament to that. It's important to consider the broader impact and value that projects like Nouns can bring to their community members, not just their valuation. Can you name another NFT project or DAO that has achieved similar non-financial success and impact?